[klat]

Recession fears? Some businesses in Singapore bracing for troubled times ahead

28 May 2022 06:00AM
(Updated: 28 May 2022 06:00AM)


SINGAPORE: Just as things are picking up for some businesses after the toll of a prolonged pandemic, the much-dreaded R-word has re-emerged.

“I’d say that most of the world has adapted to living with COVID-19, so our orders have actually been increasing during this period,” said Ms Joyce Seow, group executive director of contract manufacturing firm Watson EP Industries.

“But now, we are talking about recession again.”

Warnings about another global recession have been sounded – from Prime Minister Lee Hsien Loong at his annual May Day Rally speech to political and business leaders gathered at the World Economic Forum in Davos.

[pinkpanther]

"A recession is associated with a decline in prices. This makes intuitive sense, but it can also be clearly seen in a recession aggregate demand and supply graph. When people lose their jobs and cannot afford to pay as much, businesses must lower prices to keep sales up as much as possible"

With all the price hike, where is the recession?

[Galilo_l]

Recession is just a misnomer to silver serpents 

[Ola]

In Recession, more Serpents, Wolves, Crows and Vampires

will come out to play

With PAP who loves Class95 Music

guess what next?